Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies. H&M is closing 250 stores next year because of the coronavirus pandemic, as people increasingly shop online. Reveal this promo code to get 10% off Your Order at Davids Tea. government says proposed insurance rate decrease is largest in 40 years, U.S. firm buys Victoria software company Echosec, Editorial: Lessons from the Victoria byelection, Comment: A real estate agent reflects on making moves to survive and thrive again, Kevin Greenard: Ensure you have the maximum deposit insurance, Telus to provide free mobile phone, discounted cell service to low-income seniors, Hudson's Bay in Coquitlam closes as other HBC stores stop paying rent, Lower tips, poor ratings: Gig economy workers face racism and sexism on the job, North American stock markets rally as U.S. stimulus hopes push materials higher, Langford-based Canadian rugby team now knows path to 2023 World Cup, Government promises resources in search for Manitoba sailor who fell overboard, Israeli court backs extradition in Australia child sex case, Austin FC gets glimpse of players made available in MLS expansion draft, Canadian Ben Lewis stars in Lifetime's first LGBTQ holiday film, 'Christmas Setup', J. Expired Validated This … Shop now for Teas, accessories, Teaware and more with extra discounts. A summer of bankruptcies and store closures is seeping into the fall. The company obtained creditor protection under the Companies Creditors Arrangement Act and warned in mid-June that it could begin a formal restructuring depending on the outcome of its talks with landlords, who hadn’t received rent from DavidsTea for April, May and June. DAVIDsTEA Specialty Food Telephone 613-567-6197 Close Disney Store Toys and Hobbies, Children's Apparel ... Pharmacies & Drug Stores Telephone 613-236-2533 Close Fashion Dept. DavidsTea to close 82 Canadian stores amid coronavirus pandemic. Please read our Commenting Policy first. Regional Target stores are set to be the most impact by the upcoming wave of closures — get the full list of every site that is marked to close or become a Kmart. Canadian fashion mogul Peter Nygard arrested on sex trafficking charges, Ontario reports nearly 2,300 new coronavirus cases, setting one-day record, $343-billion deficit projected for 2020-2021 fiscal year, $343-billion deficit projected for 2020-2021 fiscal year – Jul 8, 2020, Montreal woman accused of sending ricin letter to Trump indicted on new charges in Texas, ‘Just for Laughs’ founder Gilbert Rozon found not guilty on charges of rape, indecent assault, Iran sentences ‘Zombie Angelina Jolie’ to 10 years in jail for photos, Boy, 2, abandoned with note at Goodwill drop-off in Mississippi, More Republicans finally accept Biden win after U.S. It will also seek more favourable lease terms for the remaining 100 stores in Canada and may permanently shut additional locations if landlords are unwilling to negotiate suitable leases. Want to discuss? See the list DavidsTea said earlier this month that it is closing 82 stores in Canada and all 42 of its locations in the United States as it focuses on its e-commerce business and supplying grocery stores and pharmacies. The DavidsTea stores in the Hillside and Uptown shopping centres and at 606 Johnson St. had been temporarily closed, along with a store in Nanaimo and another in Courtenay. Buy the best loose leaf tea at DAVIDsTEA. Electoral College certifies vote, Coronavirus vaccines: What you should know about the side effects, Woman behind ‘Zombie Angelina Jolie’ sentenced to 10 years in Iranian prison, U.S. election: Joe Biden says Texas-led Supreme Court case ‘stunning’, Helicopter footage shows huge landslide near Bute Inlet on B.C. “With the upcoming closure of 124 unprofitable stores across North America, we are certainly making good progress in creating a stronger business model for the future and ensuring the long-term success and sustainability of DavidsTea and our beloved brand,” company founder and interim CEO Herschel Segal said in a news release.